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Actionable news in ABX: BARRICK GOLD Corp,

Credit Suisse Upgrades Barrick Gold To Outperform

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Credit Suisse’s Anita Soni believes Barrick Gold Corporation (USA) ABX 4.82% is “ideally positioned” due to its capital allocation strategy to capture gold leverage.

The analyst upgraded the rating on the company from Neutral to Outperform, while raising the price target from $11 to $17.

Capital Allocation Strategy

Soni explained that Barrick Gold’s commitment to an ROIC of 15...